economy

Oil prices surge amid intensifying Ukraine-Russia conflict, persistent demand concerns in China

As of 05:02 GMT, Brent crude futures rose by 29 cents, or 0.4 percent, reaching $71.33 a barrel

Lebanon sees $8.5 billion in physical damages, economic losses amid conflict: World Bank

Damages to physical structures alone amount to $3.4 billion while economic losses have reached $5.1 billion

How are UAE, Saudi Arabia leading way in sustainable tourism?

Despite the clear benefits of sustainable tourism, several challenges and barriers hinder its implementation 

How retailers in UAE, Saudi Arabia are meeting evolving consumer expectations

In the UAE, the market stands at $40 billion, with an anticipated CAGR of 6.5 percent

Dubai’s Museum of the Future attracts 3 million visitors from 177 countries in less than 3 years

In three years, the museum has strengthened the region's and Arab world's contributions to knowledge and science

Abu Dhabi’s TAQA reports $1.7 billion net income during first nine months of 2024

The Group posted revenues of $11.3 billion, reflecting a 6 percent increase from the same period in 2023

ADNOC L&S Q3 net profit up 18 percent YoY to $175 million

The company reported revenues of $2.66 billion, representing a 38 percent increase compared to the same period in 2023

Oil prices drop as U.S. inventory data misses expectations, markets look for clarity on Chinese demand

Brent oil futures for January delivery decreased by 0.1 percent, settling at $72.23 per barrel

Oil prices rise modestly but stay near two-week lows after OPEC’s demand growth downgrade

Brent futures had climbed by 17 cents, or 0.24 percent, reaching $72.06 a barrel

Flexible work hours, remote policies reduce morning peak travel times by 30 percent in Dubai

32 percent of private companies currently implement remote work policies